Childress Capital Advisors LLC Sells 125 Shares of Paychex, Inc. (NASDAQ:PAYX)

Childress Capital Advisors LLC trimmed its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490 shares of the business services provider’s stock after selling 125 shares during the period. Childress Capital Advisors LLC’s holdings in Paychex were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PAYX. Czech National Bank increased its holdings in shares of Paychex by 6.9% in the third quarter. Czech National Bank now owns 65,291 shares of the business services provider’s stock valued at $8,761,000 after purchasing an additional 4,242 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Paychex by 21.1% during the third quarter. GAMMA Investing LLC now owns 4,491 shares of the business services provider’s stock worth $603,000 after acquiring an additional 783 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of Paychex by 181.6% during the third quarter. Fulton Bank N.A. now owns 7,617 shares of the business services provider’s stock valued at $1,022,000 after acquiring an additional 4,912 shares during the period. Aprio Wealth Management LLC bought a new position in Paychex in the third quarter valued at about $226,000. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Paychex by 2.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 34,325 shares of the business services provider’s stock valued at $4,606,000 after acquiring an additional 752 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Paychex Price Performance

NASDAQ PAYX opened at $149.51 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $53.83 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 4.03 and a beta of 1.00. The business has a 50 day simple moving average of $142.76 and a 200 day simple moving average of $137.52. Paychex, Inc. has a 52-week low of $114.72 and a 52-week high of $150.71.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, beating the consensus estimate of $1.12 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. Analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, February 7th. Paychex’s dividend payout ratio is presently 82.53%.

Analyst Ratings Changes

A number of research analysts have issued reports on PAYX shares. Barclays upped their target price on shares of Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. raised their price objective on shares of Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $148.00 target price on shares of Paychex in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Based on data from MarketBeat.com, Paychex has an average rating of “Hold” and an average price target of $132.23.

Paychex Company Profile

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.